https://www.taxtmi.com/circulars?id=70060 An operating framework is prescribed for outward remittance services for non-trade current account transactions through third-party entities in online mode, with Authorised Dealer banks remaining solely responsible for FEMA and KYC compliance. The earlier approval-based arrangement for non-bank tie-ups is removed, and banks must follow detailed transparency, invoicing, customer disclosure, grievance redressal, data protection, cybersecurity, settlement, fund-safeguarding, and due-diligence requirements. Agreements with third parties must preserve the bank's full regulatory responsibility, and similar requirements apply to doorstep delivery of forex cards or foreign currency notes. en-us Wed, 13 May 2026 00:00:00 +0530 Thu, 14 May 2026 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70060 An operating framework is prescribed for outward remittance services for non-trade current account transactions through third-party entities in online mode, with Authorised Dealer banks remaining solely responsible for FEMA and KYC compliance. The earlier approval-based arrangement for non-bank tie-ups is removed, and banks must follow detailed transparency, invoicing, customer disclosure, grievance redressal, data protection, cybersecurity, settlement, fund-safeguarding, and due-diligence requirements. Agreements with third parties must preserve the bank's full regulatory responsibility, and similar requirements apply to doorstep delivery of forex cards or foreign currency notes. Circulars FEMA Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70060